---
type: decision
entity_type: decision_market
name: "Island: Futardio Fundraise"
domain: internet-finance
status: failed
parent_entity: "[[island]]"
platform: futardio
proposer: "xpmaxxer"
proposal_url: "https://v1.metadao.fi/island/trade/FpFytak8JZwVntqDh9G95zqXXVJNXMxRFUYY959AXeZj"
proposal_date: 2026-03-04
resolution_date: 2026-03-05
category: fundraise
summary: "Island.ag attempted to raise $50K for DeFi loyalty + hotel booking platform, reached only $250 before entering refunding status"
tracked_by: rio
created: 2026-03-11
key_metrics:
  funding_target: "$50,000"
  total_committed: "$250"
  token_symbol: "CGa"
  token_mint: "CGaDW7QYCNdVzivFabjWrpsqW7C4A3WSLjdkH84Pmeta"
  autocrat_version: "v0.7"
source_archive: "inbox/archive/2026-03-04-futardio-launch-island.md"
supports:
- xpmaxxer
reweave_edges:
- xpmaxxer|supports|2026-04-20
---

# Island: Futardio Fundraise

## Summary

Island.ag launched a futarchy-governed fundraise on Futardio seeking $50,000 to build a DeFi loyalty program combined with a hotel booking platform. The project proposed to help crypto users discover yields while earning Island Points redeemable for luxury hotel discounts. The raise failed dramatically, attracting only $250 in commitments (0.5% of target) before closing in refunding status after one day.

## Market Data

- **Outcome:** Failed (refunding)
- **Proposer:** xpmaxxer
- **Funding Target:** $50,000
- **Total Committed:** $250 (0.5% of target)
- **Duration:** 1 day (2026-03-04 to 2026-03-05)
- **Token:** CGa
- **Platform:** Futardio v0.7

## Significance

This fundraise represents one of the weakest market validations on the Futardio platform to date. The 200:1 gap between target and commitments suggests either fundamental skepticism about the DeFi-travel loyalty thesis, concerns about founder credibility (solo founder with hospitality background but limited crypto track record), or timing issues in the market cycle. The project's positioning as "extremely lean" with vibe-coded development and 80% marketing spend may have signaled insufficient technical depth for a capital-intensive two-sided marketplace.

The failure provides a data point on what Futardio's permissionless launch model filters out: projects that cannot attract even minimal community validation fail quickly and cleanly, with automatic refunds protecting early participants.

## Relationship to KB

- [[futardio]] — fundraise platform
- [[island]] — parent entity
- [[MetaDAO]] — governance infrastructure provider

## Full Proposal Text

*Source: futard.io, launched 2026-03-04*

Island.ag: Discover the best DeFi yields. Earn Island Points. Travel in luxury for pennies.

**Concept:** DeFi loyalty program + hotel booking platform for crypto travelers. Hotels have unsold inventory; crypto users are high-spending, globally mobile demographic. Secret sauce: direct hotel partnerships + gamified raffles for luxury stays.

**Raise:** Target $50,000. Total committed: $250 (0.5%). Status: Refunding. Closed 2026-03-05.

**Use of Funds:** ~80% marketing/distribution, ~10% infrastructure, ~10% operations. App developed via vibe coding with minimal costs.

**Go-to-Market:** Shitposting on CT, travel-focused creators, UGC marketing, conferences. Participation raffle: anyone investing even $1 gets entered for $1,500 in tokens or all-paid luxury Alps holiday.

**Founder:** xpmaxxer (hospitality industry background). Website: island.ag